FDIC chair, ‘architect of Operation Chokepoint 2.0’ Martin Gruenberg to resign Jan. 19

November 20, 2024 Coin Telegraph

Martin Gruenberg is set to exit as FDIC Chair, with Representative Tom Emmer blasting him as “an architect of Operation Chokepoint 2.0.”

Martin Gruenberg, the chair of the Federal Deposit Insurance Corporation and alleged “architect of Operation Chokepoint 2.0,” has reportedly announced he’ll retire on Jan. 19 — a day before Donald Trump is inaugurated as president.

Reuters reported on Nov. 20 that Gruenberg, a Democrat, confirmed his departure in a message to FDIC employees, saying that he had informed the outgoing President Joe Biden of his decision.

Republican House Representative Tom Emmer blasted Gruenberg on X in response to the news, claiming he was “an architect of Operation Chokepoint 2.0 and drove the FDIC into the ground, failing to protect his own employees from the toxic work environment that he cultivated.”

AI, Blockchain Integration Can Boost Trust, Prevent Misuse, Expert Says

FDIC Warns Customers Holding $7,100,000 in Uninsured Deposits After Sudden Bank Failure

October 25, 2024 The Daily Hodl

bank

The Federal Deposit Insurance Corporation (FDIC) says large customers at a recently shut down bank could collectively lose millions of dollars in uninsured deposits. The banking regulator says at least $7.1 million at First National Bank of Lindsay in Oklahoma was uninsured, held in accounts that exceed the agency’s $250,000 insurance coverage limit. For now, […]

The post FDIC Warns Customers Holding $7,100,000 in Uninsured Deposits After Sudden Bank Failure appeared first on The Daily Hodl.

AI, Blockchain Integration Can Boost Trust, Prevent Misuse, Expert Says

Ethereum price shows strength, but a 23% drop in DApps activity raises concern

October 15, 2024 Coin Telegraph

Balancer

Declining DApp activity and lackluster demand for the ETH ETFs could limit Ethereum’s recent price rally.

Ether (ETH) price surged 9.4% between Oct. 10 and Oct. 15, reaching its highest level in two weeks at $2,687. However, despite these recent gains, Ether remains down 25% over the past three months, reflecting investor disappointment with the recently launched spot Ether exchange-traded funds (ETFs) and the overall lack of demand for ETH, despite Ethereum's focus on prioritizing layer-2 scaling solutions.

In the past 7 days, the Ethereum network saw a 23% decline in onchain decentralized applications (DApp) volumes and this downturn has sparked speculation that Ether's price could follow suit.

While various factors have negatively affected Ether’s price since mid-July, it is particularly striking that the overall cryptocurrency market capitalization remained relatively flat over the same three-month period.

AI, Blockchain Integration Can Boost Trust, Prevent Misuse, Expert Says

Robinhood Crypto Launches Crypto Transfers for European Users

October 2, 2024 Bitcoin.com

Bitcoin

Robinhood Crypto has introduced a major new feature for European users, allowing them to deposit and withdraw over 20 different cryptocurrencies. The new crypto transfer service includes a limited-time 1% deposit match. With this launch, the platform also reinforces its focus on self-custody, security, and decentralized finance (defi) accessibility. Robinhood Crypto Rolls Out Crypto Transfers […]

AI, Blockchain Integration Can Boost Trust, Prevent Misuse, Expert Says

Ethereum’s value accretion narrative under duress after 19% drop in ETH DApp volumes

September 19, 2024 Coin Telegraph

bnb

ETH price struggles to find reasons to rally after the network’s DApp volumes drop and Ether languishes near the $2,250 support.

Ether (ETH) has struggled to break above $2,450 for more than two weeks, and the recent 17% drop in Ethereum decentralized application (DApp) activity has raised concerns, particularly as it affects the layer-2 ecosystem. Traders are now questioning whether the current $2,250 support level will hold much longer.

On the positive side, Ethereum remains the dominant platform in terms of both activity and development, although competitors are gaining ground.

Top blockchains ranked by 7-day DApps volumes, USD. Source: DappRadar

AI, Blockchain Integration Can Boost Trust, Prevent Misuse, Expert Says

$133,163,900,000 in Deposits Exit US Banking System in One Week As Former Fed President Warns Lenders Are Vulnerable

May 3, 2024 The Daily Hodl

bank

People are once again pulling their money out of the US banking system. The latest data from the Federal Reserve Economic Data (FRED) system shows total deposits in all commercial banks fell $133.163 billion in seven days, from $17.580 trillion on April 10th to $17.446 trillion on April 17th. The new numbers have erased gains that […]

The post $133,163,900,000 in Deposits Exit US Banking System in One Week As Former Fed President Warns Lenders Are Vulnerable appeared first on The Daily Hodl.

AI, Blockchain Integration Can Boost Trust, Prevent Misuse, Expert Says

Ethereum price data casts doubt on the strength of ETH’s support at $3K

April 16, 2024 Coin Telegraph

Ethereum price data casts doubt on the strength of ETH’s support at K

Activity

ETH derivatives data shows pro traders’ appetite for risk declining, placing pressure on the $3,000 support level.

Ether (ETH) price plummeted by 21% between April 9 and April 14, hitting a 50-day low. Although it has recouped some of its losses, Ether continues to show signs of weakness following a failed attempt to breach the $3,200 resistance on April 14. Traders now question if the $3,000 support will hold for longer.

Investors are cautiously optimistic about the potential approval of a spot Ether exchange-traded fund (ETF) in May. However, the mixed signals from on-chain and derivatives data suggest the possibility of further corrections before the U.S. Securities and Exchange Commission (SEC) makes its decision.

Jan van Eck, CEO of VanEck investment firm, expressed doubt that the spot Ether ETFs would receive approval in May. He pointed to the SEC's extended inactivity on a list of seven pending applications, including those from major firms like BlackRock, Fidelity, ARK 21Shares, and VanEck.

AI, Blockchain Integration Can Boost Trust, Prevent Misuse, Expert Says

JPMorgan Chase Customers’ Deposits Go Missing, Bank Says It Has No Idea Where Money Went: Report

February 2, 2024 The Daily Hodl

bank

Customers at a JPMorgan Chase branch say deposits aren’t showing up in their accounts, and the bank has been reluctant to address the issue. Carla Garling, a small business owner, says that despite having a deposit slip, her local Chase branch hasn’t confirmed a $13,478 deposit to her account, reports KFOR Oklahoma News 4. Since […]

The post JPMorgan Chase Customers’ Deposits Go Missing, Bank Says It Has No Idea Where Money Went: Report appeared first on The Daily Hodl.

AI, Blockchain Integration Can Boost Trust, Prevent Misuse, Expert Says

$397,000,000 in Deposits Exit US Banking System in One Year As Money Market Funds Witness Historic Inflows

December 3, 2023 The Daily Hodl

bank

Hundreds of billions of dollars in deposits have exited US banks this year as consumers and institutions flock to money market funds to take advantage of the high interest rate environment. New data from the Federal Reserve Economic Data (FRED) system shows deposits in all US commercial banks plunged from $17.736 trillion at the start […]

The post $397,000,000 in Deposits Exit US Banking System in One Year As Money Market Funds Witness Historic Inflows appeared first on The Daily Hodl.

AI, Blockchain Integration Can Boost Trust, Prevent Misuse, Expert Says

$174,303,000,000 in Deposit Flight Hits US Banks in Three Months As S&P Global Declares Banking Industry Is ‘Gradually Shrinking’

November 12, 2023 The Daily Hodl

bank

New numbers are shedding light on the multi billion-dollar flow of capital out of the US banking system. In a new report, S&P Global says total non-brokered deposits, or funds coming mostly from retail customers, recorded their sixth consecutive quarterly decline in Q3 of this year. The market intelligence firm says non-brokered deposits dropped from […]

The post $174,303,000,000 in Deposit Flight Hits US Banks in Three Months As S&P Global Declares Banking Industry Is ‘Gradually Shrinking’ appeared first on The Daily Hodl.

deposits

Share this video